CorTrust Bank National Association in Mitchell, South Dakota (SD), MN



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CorTrust Bank National Association routing number info

Table of contents:
CorTrust Bank National Association
GeneralFDIC Certificate #: 6063
Status: Active
Federal Reserve ID: 61355
Bank Holding Company (Regulatory Top Holder): Hopkins Financial Corporation (RSSDID: 1125740, Location: Mitchell, SD)
Date Established: October 31, 1930
WWW: http://www.cortrustbank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 23 (Domestic: 23, Interstate: Yes)
OTS Docket #: 9372
FDIC's unique #: 4091
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 11, 2009
Last Structure Change Process Date: September 14, 2009
Last Data Update: September 14, 2009
Data Source Date: April 05, 2012
LocationAddress: 100 East Havens, Mitchell, SD 57301
County: Davison
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux Falls
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Mitchell, SD (#33580)
CBSA Micro Statistical Area: Yes
History of ChangesParticipated in FDIC Assisted Absorption/Consolidation/Merger
Corrections
Financial SummaryTotal assets: $666.8 mil
Equity capital: $74.1 mil
Deposits held in domestic offices: $557.2 mil
Return on assets (ROA): 1.26% ($8.4 mil)
Quarterly return on assets: 1.32% ($8.8 mil)
Return on Equity (ROE): 11.65% ($8.6 mil)
Quarterly return on equity: 11.80% ($8.7 mil)
Net income: $8.1 mil
Quarterly Net income: $2.2 mil
Pretax return on assets: 1.81% ($12,069.6 mil)
Quarterly Pretax return on assets: 2.12% ($14,136.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)186
Total assets$666,827
Cash and due from depository institutions$12,121
Interest-bearing balances$633
Securities$234,243
Federal funds sold & reverse repurchase agreements$15,095
Net loans & leases$365,940
Loan loss allowance $7,602
Trading account assets$0
Bank premises and fixed assets$14,341
Other real estate owned$3,095
Goodwill and other intangibles$5,743
All other assets$16,249
Life insurance assets$666,827
Total liabilities and capital$592,702
Total liabilities$557,215
Total deposits$458,597
Interest-bearing deposits$557,215
Deposits held in domestic offices$92
% insured (estimated)9244.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$17,000
Other borrowed funds $0
Subordinated debt $9,243
All other liabilities $74,125
Total equity capital$74,125
Total bank equity capital$74,125
Perpetual preferred stock$0
Common stock$2,959
Surplus$24,464
Undivided profits $46,702
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $5,259
Income earned, not collected on loans $9,034
Earning assets $0
Long-term assets (5+ years) $4,372
Average Assets, year-to-date $615,911
Average Assets, quarterly $196,710
Volatile liabilities $648,399
Insider loans $661,505
FHLB advances $435,933
Loans and leases held for sale $661,053
Unused loan commitments $2,132
Tier 1 (core) risk-based capital $2,132
Tier 2 risk-based capital $67,172
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $73,499
Derivatives$5,478
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $33,772
Total interest expense $6,886
Net interest income $26,886
Provision for loan and lease losses $1,762
Total noninterest income $12,981
Fiduciary activities $230
Service charges on deposit accounts $2,104
Trading account gains & fees $0
Additional noninterest income $10,647
Total noninterest expense $26,362
Salaries and employee benefits $12,841
Premises and equipment expense $3,664
Additional noninterest expense $9,857
Pre-tax net operating income $11,743
Securities gains (losses) -$32
Applicable income taxes $3,568
Income before extraordinary items $8,143
Extraordinary gains - net $0
Net income attributable to bank $8,143
Net charge-offs $0
Cash dividends $8,143
Sale, conversion, retirement of capital stock, net $3,541
Net operating income $2,959
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.65%
Cost of funding earning assets 1.15%
Net interest margin 4.50%
Noninterest income to earning assets 2.17%
Noninterest expense to earning assets 4.41%
Net operating income to assets 1.26%
Return on assets (ROA) 1.26%
Pretax return on assets 1.81%
Return on equity (ROE) 11.65%
Retained earnings to average equity (YTD only) 7.41%
Net charge-offs to loans 0.95%
Credit loss provision to net charge-offs 49.76%
Efficiency ratio3.81%
Assets per employee$66,027
Cash dividends to net income (YTD only)3.59%
Condition Ratios (%)
Loss allowance to loans 36.34%
Loss allowance to noncurrent loans 2.04%
Noncurrent assets plus other real estate owned to assets 84.15%
Noncurrent loans to loans 1.82%
Net loans and leases to deposits2.42%
Net loans and leases to core deposits 65.67%
Equity capital to assets 69.18%
Core capital (leverage) ratio 11.12%
Tier 1 risk-based capital ratio 10.16%
Total risk-based capital ratio 15.41%
Memoranda
Average assets$17
Average earning assets$648,399
Average equity $69,915
Average loans $597,323
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$32,981
Number of Accounts1
Personal trust and agency accounts$27,080
Employee benefit-defined contribution accounts$26,332
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$748
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts15
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$5,901
Corporate trust and agency accounts$5,901
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
28423257Woodbury Branch9740 Tamarack Rd, Woodbury, MN 55125June 21, 2004Full Service Brick and Mortar
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22 South Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
04091Cortrust Bank National Association100 East Havens, Mitchell, SD 57301October 31, 1930Full Service Brick and Mortar
1208654Letcher Branch2 Main Street, Letcher, SD 57359November 17, 1962Full Service Brick and Mortar
2208655Mount Vernon BranchMain Street, Mount Vernon, SD 57363October 01, 1973Full Service Brick and Mortar
3208656Artesian BranchHighway 34, Artesian, SD 57314December 15, 1977Full Service Brick and Mortar
4208681Gayville BranchMain Street, Gayville, SD 57031July 01, 1965Full Service Brick and Mortar
5208682Tabor BranchMain Street, Tabor, SD 57063July 01, 1965Full Service Brick and Mortar
7208691Vermillion Branch101 West Main Street, Vermillion, SD 57069July 31, 1971Full Service Brick and Mortar
8208696Yankton Branch110 Cedar Street, Yankton, SD 57078December 10, 1979Full Service Brick and Mortar
910368Leola Branch2 Main Street, Leola, SD 57456May 15, 1944Full Service Brick and Mortar
105747Bowdle Branch2 Main Street, Bowdle, SD 57428December 27, 1932Full Service Brick and Mortar
11208698Southwest Branch1801 South Marion Road, Sioux Falls, SD 57106Febuary 18, 1992Full Service Brick and Mortar
12208657Mitchell Branch719 North Main, Mitchell, SD 57301April 27, 1994Full Service Brick and Mortar
14208658Sycamore Branch1900 South Sycamore, Sioux Falls, SD 57103October 30, 1995Full Service Brick and Mortar
15208659South Minnesota Branch2101 South Minnesota Street, Sioux Falls, SD 57105July 15, 1996Full Service Brick and Mortar
16208660Yankton Branch2404 Broadway, Yankton, SD 57078July 01, 1998Full Service Brick and Mortar
18208662Arlington Branch114 S. Main, Arlington, SD 57212March 01, 1999Full Service Brick and Mortar
191099Webster Branch36 West 7th Avenue, Webster, SD 57274January 01, 1904Full Service Brick and Mortar
20189979Pierpont BranchMain Street, Pierpont, SD 57468June 17, 1974Full Service Brick and Mortar
22358027Aberdeen Branch2016 6th Avenue, S.E., Aberdeen, SD 57401June 28, 1999Full Service Brick and Mortar
232591Freeman Branch174 East Fourth Street, Freeman, SD 57029May 02, 1902Full Service Brick and Mortar
26468110Cliff Avenue Branch1220 East 57th Street, Sioux Falls, SD 57108August 20, 2007Full Service Brick and Mortar
27473101Cherapa Branch300 North Cherapa Place, Sioux Falls, SD 57103January 07, 2008Full Service Brick and Mortar
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